This is a case study two parts to the question

A mortgage agent is working with an advertising agency to create a new advertisement to promote her business. She would like to include an example that shows the monthly payment for different amounts being borrowed, however she is not sure what she can legally include. Given this scenario who has the responsibility of ensuring that there are policies and procedures in place that tell her what to do in a situation like this? Select one: a. The principal broker b. FSRA (formerly FSCO) c The mortgage agent d. The mortgage brokerage A mortgage agent has completed the borrower disclosure document for her client to sign. When presenting the document it is necessary to explain each section. Which of the following statements best describes how the cost of borrowing must be disclosed? Select one: a. As a percentage of the total amount of the mortgage and not in dollars and cents b. In dollars and cents but not as a percentage of the total amount of the mortgage c. The cost of borrowing is not included in the borrower disclosure document d. As both a percentage of the total amount of the mortgage and in dollars and cents